DAX closes near 3-week low as oil, yields weigh
The DAX 40 closed about 0.4% lower at 25,983 on Thursday, its lowest since July 31, as higher oil prices and rising bond yields weighed on sentiment.
The DAX 40 closed about 0.4% down at 25,983 on Thursday, the lowest since July 31 and extending losses for the fourth session.
Further increases in oil prices due to the Iran war and rising yields in the bond markets weighed on market sentiment.
Against the backdrop of deadlocked negotiations with Tehran, US President Trump threatened Iran with an "economic war".
Retailers Adidas (-2.7%) and Puma (-1.8%) were among the top losers, tracking losses in US retail giant Walmart after its disappointing results and cautious outlook